| This is India's first insurance portfolio management platform: How to open your digital account using it |
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SBI General Insurance has recently collaborated with Bima Central, developed by CAMS Insurance Repository. Bima Central is industry's first policyholder servicing platform that allows customers to aggregate their insurance portfolio through an electronic Insurance Account (eIA). This platform serves as a centralized hub where individuals can consolidate their insurance policies and access other services too. It must be noted that it is mandatory for policyholders to hold new insurance policies in electronic format (e-Policy) in an e-Insurance Account (eIA) since April 2024. Similar to how investors open demat accounts to manage their shares, policyholders need to establish an e-Insurance Account (eIA) to store and access their insurance policies electronically. With all insurance policies eligible for electronic storage and accessible through an e-insurance account, managing insurance plans becomes more streamlined and efficient. How does Bima Central benefit policyholders? Bima Central offers policyholders a single window, integrated access to their aggregated insurance benefits. This provides a consolidated view of their protection and investment. Further, customers can gain direct access to their insurance portfolio through the SBI General Insurance mobile app after the recent collaboration. The platform allows users to add beneficiaries, nominees, and family members too. How to use Bima Central? Existing CAMS Insurance Repository users can directly log in to Bima Central using their registered mobile/email/PAN/eIA to access their eIA account and get all the benefits. Additionally, new users can sign up for an eIA account on Bima Central free of cost. Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go! |
| Source:- CNBC TV18 Date:- 15-May-2024 |
